complement indifference curve

Suppose Albert always uses exactly 2 pats of butter on each piece of toast. If toast costs £0.10/slice and butter costs £0.20/pat, find Albert's best affordable bundle if he has £12/mo to spend on toast and butter. Suppose Albert changes to having 1 pat of butter per slice of toast. How much toast and butter would albert consume each month?

consider the market for peanut butter . if there is a decrease in the price of deli turkey slices (a substitute in consumption for peanut butter ) along with a decrease in the price of...

Solution Preview :
Considering the market for peanut butter. If there is a decrease in the price of deli turkey slices (a substitute in consumption for peanut butter) along with a decrease in the price